Frozen Fish & Seafood Market to Reach Valuation of ~US$ 70 Bn by 2030; Growing Demand for Healthy Foods to Generate Novel Opportunities: TMR

- Health benefits of seafood catching-on with a vast millennial populace, driving growth in frozen fish and seafood market

- Frozen Fish and Seafood Market to chart a growth rate of about 7.3%, compounded annually, over the forecast period

- Asia Pacific to be a prominent region, accounting for sizeable market share

News provided by

Transparency Market Research

May 26, 2020, 06:00 ET

ALBANY, New York, May 26, 2020 /PRNewswire/ -- The frozen fish and seafood market is set to reach a valuation of approximately USD 70 billion by the year 2030 – a steep rise from about USD 36 billion in the year 2020. The growth rate of the market over the period of 2020 to 2030 would be about 7.3%, paving way for a notable growth trajectory and a slew of new gainful opportunities.

As per Transparency Market Research, "Awareness regarding protein and other essential nutrients for a healthy body is propelling significant demand for fish and other seafood. This is a critical growth booster in the global frozen fish and seafood market. It is significant to note here that frozen foods are gaining prominence owing to demand for better shelf life by millennial consumers, who are living hectic schedules that prevent them from running for fresh cooking ingredients every now and then. This should explain why world over, about three-fourths of seafood is consumed in the form of fresh and frozen."

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Key Findings of Global Frozen Fish and Seafood Market Study:

In terms of nature of products, the organic category is set to chart significant growth over the forecast period
In the end-use segment, food service providers will dominate the market
Asia Pacific to hold a sizeable share of the market

Explore the latest study on Frozen Fish & Seafood Market (Product Type: Shrimps, Crustaceans, Shellfish, Molluscs, Sea Bream, and Other Fishes; Nature: Organic and Conventional; End Use: Food Processing Industry, Food Service Provider, Retail/Household, and Animal Feed and Pet Food; and Distribution Channel: B2B and B2C [Hypermarkets/Supermarkets, Fish Mongers, Convenience Stores, Specialty Stores, online Retailing, and Others]) -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at https://www.transparencymarketresearch.com/frozen-fish-seafood-market.html

Key Drivers of Growth in Global Frozen Fish and Seafood Market:

Profile of a modern day consumer is marked by heath disorders and rising awareness of proper and balanced diets. This pushes him towards healthful food choices. However, his work schedule is often hectic and that pushes him towards food items with a longer shelf life. This is leading to massive demand for frozen fish and seafood market. There are several other factors that are leading to growth in the market. A glimpse is provided below:

Premium food products in aquaculture industry are seeing an increase in demand owing to improving palates and increasing disposable incomes
More and more people opting for an active lifestyle are contributing positively to the growth in frozen fish and seafood market as the products here are rich in nutrients
Growth in E-commerce is a major factor supporting growth in the market, especially in times of a global lockdown

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Regional Analysis of Global Frozen Fish and Seafood Market:

A massive share of the global frozen fish and seafood market is set to be accounted for by Asia Pacific (APAC) region over the forecast period
APAC will also dominate the market over the next few years, creating a plethora of novel growth opportunities for market players
North America is set to grow at a notable CAGR over the stated period of assessment

Analyze frozen fish and seafood market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global Frozen Fish and Seafood Market:

Transparency Market Research notes that the global frozen fish and seafood market is a fragmented vendor landscape, placing in itself a large number of big and small players. Currently witnessing a massive supply disruption, the market is seeing players clamoring for better and more aggressive growth strategies.

In its profiling of top players, TMR covers Tri Marine International, Marine International, Clearwater Seafood, Leroy Seafood, Marine Harvest, Iglo Group, Shanghai Kaichuang, Lyons Seafoods, Hansung Enterprise, AquaChile, Surapon Foods Public, High Liner Foods, Tassal Group, Toyo Suisan Kaisha, Austevoll Seafood, Sajo Industries, Nippon Suisan Kaisha, and AquaChile, among others.

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Frozen Fish & Seafood Market Segmentation

Frozen Fish & Seafood Market by Nature

Organic
Conventional

Frozen Fish & Seafood Market by Product Type

Shrimps
Crustaceans
Shellfish
Molluscs
Sea Bream
Others Fishes

Frozen Fish & Seafood Market by End Use

Food Processing Industry
Food Service Provider
Retail/Household
Animal Feed and Pet Food

Frozen Fish & Seafood Market by End Use

Hypermarkets/Supermarkets
Fish Mongers
Convenience Stores
Specialty Stores
Online Retailing
Others

Frozen Fish & Seafood Market by Region

North America

U.S.
Canada

Latin America

Brazil
Mexico
Chile
Peru
Argentina
Rest of Latin America

Europe

U.K.
Germany
France
Italy
Spain
Rest of Europe

· Asia Pacific

India
China
South Korea
Malaysia
Indonesia
Rest of APAC

Japan
Middle East & Africa

GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA

Oceania

Australia
New Zealand

Explore Transparency Market Research's award-winning coverage of the global Food and Beverages Industry,

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